Explore how economies develop, why poverty and inequality persist, and how policies can shape long-term economic growth. This Development Economics course is designed for learners interested in economics, public policy, international development, finance, and related fields who want to understand the forces shaping prosperity and human well-being.
Build a strong foundation in development economics by examining GDP, human development, Sen’s capability approach, the Human Development Index, and the multidimensional nature of development.
Explore the structural features of developing economies, including demographic change, rural–urban migration, productivity, industrialization, structural transformation, international trade, and social conflict. Learn how development thinking has evolved through major theories and approaches, including Rostow, Harrod–Domar, Lewis, dependency theory, export-led development, and the Washington Consensus.
Go deeper into economic growth, institutions, geography, poverty, inequality, and international trade. Understand concepts such as poverty traps, coordination failure, growth models, convergence, the role of institutions, multidimensional poverty, inequality measurement, comparative advantage, trade policy, and trade liberalization.
Develop the economic reasoning needed to understand development challenges and evaluate policy choices affecting growth, poverty, inequality, and global trade. Enroll now and deepen your understanding of how economies grow and societies progress.
In this module, you will be introduced to the concept of economic development, how the concept has evolved over time, and how it is related to the concept of human well-being. More specifically, you will explore the concepts of GDP as a measure of development, the multifaceted nature of development…
In this module, you will explore some structural features of less developed countries, which are often found to be very different from the structural features of developed countries. These features include demographic characteristics of the population, occupation and production structure, presence…
In this module, you will understand how the evolution of development thinking has happened in development economics. Beginning with Rostow’s stages of growth theory, you will also explore Harrod–Domar theory of economic growth. You will further discuss Lewis’s theory of economic development based o…
In this module, you will learn about different theories of economic development, such as the role played by history, expectations, complementarity, and multiple equilibria. You will also explore the concept of underdevelopment as coordination failure, the concept of the poverty trap, critical minim…
In this module, you will learn about different theories of economic growth. This discussion is divided into proximate determinants of economic growth and deep determinants of economic growth. In the proximate determinants, you will be introduced to the difference and similarities between the neocla…
In this module, you will learn about different concepts related to poverty and inequality. You will be introduced to the extent and magnitude of absolute poverty and the economic characteristics of the high-poverty groups. Further, the measurements of income poverty and multidimensional poverty. Yo…
In this module, you will be introduced to different theoretical concepts related to international trade and development. This discussion is divided into international trade theory, trade policy, and multilateral approaches to trade policy. The discussion begins with the theory of comparative advant…
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O.P. Jindal Global University is in Tier 3: good universities, respected companies, nonprofits and well-known teachers of our institution ranking (68/100).
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